"...the closing conditions, including receipt of US Government HSR (Hart-Scott- Rodino) Antitrust approvals, have been met and accordingly, the aforesaid acquisition has been completed with effect from July 17, 2018," HCL Technologies said in a BSE filing.
It added that HCL had voluntarily filed for approval of CFIUS (Committee on Foreign Investment in the US), whose approval is awaited.
"...the company has voluntarily filed for approval of CFIUS, which approval is awaited and for which certain consideration has been withheld in accordance with the agreement entered into by the company," the filing added.
The JV entity was to acquire 100 per cent stake in Actian Corporation from its shareholders and the acquisition was expected to be completed by August.
HCL had said it will make an equity contribution of $ 164 million and debt of $ 125 million towards the deal. SEP and De Souza will contribute $ 40 million and $ 1 million, respectively, the filing had said.
The filing had added that through this deal, HCL will "own high margin, recurring revenue IP business in data analytics, integration and management products".
Palo Alto-based Actian offers hybrid data management, cloud integration, and analytics solutions. Incorporated in 2005, it has over 275 employees and had registered revenue of $ 107.1 million in 2017.
It has a global customer base with business operations primarily in the US, the UK, Germany, Japan and Australia.